Looking at my chart...I have noticed that the Volume of NEWBIES to the Crypto-Space has increased EXPONENTIALLY in the last two months of 2017! What does that mean? Well, I think the Chart above should be self-explanatory...NEW HIGHS are heading our way!!! So far, it appears, "if I am correct," and that's a big if...looks like Cryptos really love the "Elliot...
BTGUSD BTG took over from BCH at around 11pm est - as BCH topped out BTG took on the baton and ran higher and higer for the next 5 hours as BCH headed back south. The patterns are similar on both charts, both tracking within a series of parallels, a sell off the top pair and and a buy off the lower pair. It's ahving a problem at 305 and looks like it has to...
Brent Crude Oil UKOIL Brent recently broke the long term parallels that had carried it faithfully within its force ever since the lows at 44. Now it's almost exactly 50% higher, with a new high set at 65.70. We were short on the break below the parallel and then closed out around 61.15 for around 90 pips profit. Good thing we did. Bad thing we didn't go...
BTCUSD update: Sitting on the high, this market is still poised to go higher. There are two extensions to be aware of: 12400 and 14750. The CBOE is aggressive and will have the futures trading in a matter of days followed by the CME shortly after. No one knows how they will affect this market, or the alts, we have no choice but to wait and see. Meanwhile this...
BITCOIN: BTCUSD A fantastic day for bulls of Bitcoin has seen it rally back towards the highs. No stops we hit on longs and after problems gettting long here on Thursday and staying with it before stops got hit. Friday was kinder, steadier. We are many hundreds of points to the good here and need to protect profits now...See those 3 fantastic continuation...
CME_MINI:NQ1! Sell the new tick highs, as you can see there's no real momentum this past week, don't stay long but take profits!!
Finally BTCUSD is at a new all time high which was expected to happen after we recognized end of a corrective set-back in middle of July. So far we can see a nice trend up confirmed by higher swing highs and higher swing lows; ideally that's an impulsive trend in progress, currently sill in red wave 3 which can see extension up to 3600/3800 area while market is...
ETHUSD Update: After the 241 resistance break, price has pushed into the 250 to 280 resistance zone that I have been writing about for over a week. The resistance is holding price back at the moment and this could be the beginning of the minor retrace back to attractive support levels. The BTC breakout to all time highs is the catalyst behind this price push,...
My long trade, price broke out of my purple zone and also its on its way to making new highs. 1.556 TP 1.51045 SL
As we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports, USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I...
BITCOIN: BTCUSD Aprproaching the highs and therefore becoming vulnerable to profit takers. Aim to do the same if long to lock in profits as old highs are tested and be prepared to go long again once the danger is passed, as per comment. You can draw in the upper parallel taking out the recent highs on 15 minute chart, same as bigger parallels on left of chart.
Short term Long into Resistance, Short Retracement to Lows, then Long to Next Resistance Highs. Trend basics tell us that Up Trends are formed with Higher Highs and Higher Lows and for Down Trends we have Lower Highs and Lower Lows . By marking the Highs and the Lows - Near, Next and Far - they serve as price points that need to be breached and then...
Lets wait and see...
Bitcoin: Another test of the highs underway. This comment is already a little out of date - written and thought it was uploaded yesterday but some glitch and was out so never picked up on it until now. Doh. Anyway, the call has been good so far, so see no reason to pull it even if a little late now - it should hopefully complete the final part of the rally today....
We had a nice long trade on $ACIA friday, we will be looking for the continued push tomorrow